Erdogan says US set deadline for pastor's release

The lira has always been falling on worries about Mr Erdogan's influence over monetary policy and worsening relations with the United States.

On Friday the currency dropped as much as 18% at one point, the biggest one-day fall since a 2001 financial crisis in Turkey.

The penalties also bar any United States transactions with the two men.

The currency is down 40 percent just this year, shaking worldwide investors' confidence in the country.

President Donald Trump broke the news on social media that he authorized the doubling of existing steel and aluminum duties on imports from Turkey.

Erdogan has further attempted to bolster the nation against this "economic war", calling for citizens to exchange foreign currency and gold for lira as part of the "domestic and national struggle". He tweeted, "Our relations with Turkey are not good at this time!"

Erdogan said Turkey would turn towards new markets, new partners and alternative financial tools.

"As he stated, the president has authorized the preparation of documents to raise tariffs on imports of steel and aluminum from Turkey", White House Deputy Press Secretary Lindsay Walters said. In response to Turkey's tightening embrace of Russia, Congress slapped a hold on delivery of F-35s to the Turkish air force, for fear that the Russians would be invited to examine the world's most advanced stealth warplane. As recently as April the ratio was about four lira per dollar.

"We know very well that the issue is not the dollar, the euro or gold".

The Trump administration gave Turkey until last Wednesday to release American pastor Andrew Brunson from custody, Turkish President Recep Tayyip Erdogan reported revealed. "Failure to reverse this trend of unilateralism and disrespect will require us to start looking for new friends and allies", Erdogan said. It is host to an X-band radar, a critical part of the Western alliance's missile defence system again Iran.

It said it would support steel and aluminium exporters on all global platforms, and the United States remained an important trade partner.

"If you advance upon us by the dollar, we will look for other means to carry on our business", he added.

Ankara wants the United States to extradite Fethullah Gulen, a Pennsylvania-based cleric who Turkish authorities say masterminded the 2016 coup attempt in which 250 people were killed. Gulen denies the allegation.

Brunson has been detained for the past 20 months on accusations that he supported groups the Turkish government deems terrorists.

His cause resonates with Trump's Christian conservative supporters, who could be influential as Republicans seek to retain control of Congress in midterm elections in November. I am addressing the USA once again: it is a pity that you chose a pastor over your strategic partner in North Atlantic Treaty Organisation.

Related Articles

If their fortunes improve as much as the squad has then the pre-season title-challenge optimism may well be justified. The Reds begin their season with a tricky tie against a Hammers side that were unbeaten during pre-season.

The remarks faced harsh criticism, and he was asked by Conservative party chairman, Brandon Lewis , to apologise. The Conservative headquarters have launched an inquiry into whether his comments breached their code of conduct.

If it's a 4-3-3 Ozil will play from the right, although won't relish the prospect of tracking back with Benjamin Mendy . The Premier League match between Arsenal and Manchester City will be broadcast live on NBCSN.

Twenty-four cyclists were killed on NY streets past year . "For her to be taken from us in such a horrific way is gut-wrenching". The 23-year-old was riding her bike beside Central Park West when she was struck just after 4.45pm Friday, local time.

This is because sharks can lose even one tooth a day and their skeletons are made of cartilage, which is hard to fossilize. Erich Fitzgerald of Museums Victoria confirmed the species for Mullaly and explained just how special of a find they are.

He settled for a 4-under 66 and a two-shot lead over Adam Scott going into the final round of the final major of the year. He'll play in the final group after posting the round of the day , 65, with birdies on two of his last three holes.

But the blue light by itself had no effect on the cells, neither did retinal that hadn't been exposed to blue light. A new study has shown how blue light can cause macular degeneration - one of the leading causes of blindness .

American rapper Kayne West recently turned up on Jimmy Kimmel Live! for an interview and chatted openly on a variety of topics. But the jokes stopped when West brought up the backlash he faced when he threw his support behind Trump a few months ago.

He'll be among the players Arsenal will have to keep a close eye on if they're to stand any chance of getting a result. Emery said he is working hard toward instilling a new mentality in the team, but that it could take time .

Heyer was killed when a white supremacist rammed his auto into a crowd of counter-protesters during the riot. The goal is to keep rally goers and counter protesters separate in order to avoid violent confrontations.

Gal Gadot Joins The Cast Of "Wreck-It Ralph 2"
Gadot announced the casting via her Twitter page with a picture of the character that she will be voicing. Get ready to see the Disney princesses like you've never seen them before: in loungewear.

Ronaldo taken to Ibiza hospital with pneumonia
Ronaldo finished his career with an impressive 414 goals, 62 of which came in just 98 appearances for the Brazilian national side. He was instrumental when Brazil won the World Cup in 2002, scoring both goals as they beat Germany 2-0 in the final.

Sarri not aiming to repeat Napoli formula at Chelsea
I saw our spirit, togetherness and good attitude today, which is what we will need to be competitive this season. I felt the energy in the stadium and we were unlucky in the first half. " Chelsea were very clinical".

Why Trump's Turkey Tariffs Are Worrying Investors
The currency is down about 40 percent so far this year. "The US runs the risk of losing Turkey as a whole", he wrote. Operations in emerging markets can lose significant value as the USA dollar strengthens, as it did Friday.

IKEA to hire 15 000 employees in India
The company is revising its investment plan, taking into consideration the country's economic growth and geographical dividend. IKEA's next store will open in Navi Mumbai in 2019, followed by Bengaluru and Delhi. " Hyderabad is just starting point.